Use the Following to Answer Question(s): Demand and Supply of Bricklayers

Multiple Choice

Use the following to answer question(s) : Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market

-(Exhibit: Demand and Supply of Bricklayers in a Perfectly Competitive Labor Market) If the equilibrium wage in the market for bricklayers is $100 a day, but a minimum wage for bricklayers of $130 a day is set by the government:

A) 6 workers will now be hired by the firm.
B) 3 workers who otherwise would have been employed are now unemployed.
C) all bricklayers are better off.
D) the firm will shut down.